Genius Group restarts Bitcoin reserve strategy
Singapore-based education company Genius Group (American Stock Exchange: GNS) has resumed buying bitcoins. The company, which previously sold all 440 Bitcoin holdings to pay off debt, is now rebuilding its reserves from scratch.
Does Genius Group hold Bitcoin?
Genius Group announced on October 6 that it had acquired 10 bitcoins for approximately US$854,000. This is the company's first Bitcoin purchase after emptying the treasury to repay debt, and the first purchase since the U.S. appeals court lifted a two-year legal ban that froze its financing activities.
These 10 bitcoins were purchased between October 2 and October 5, with an average unit price of US$85,364 each. CEO Roger James Hamilton called the purchase a "modest" move and said it was intended to send a signal to shareholders and the market that the company had resumed its bitcoin accumulation strategy.
Genius Group claims to be an AI-driven education group serving 6 million users in more than 100 countries around the world. Since the end of 2024, the company has implemented a "Bitcoin First" policy. The board voted to hold 90% or more of reserves in Bitcoin and supported the corporate treasury model promoted by Michael Saylor's Strategy.
截至 2025 年 2 月,该公司的国库储备达到 440 枚比特币,总支出为 4,200 万美元,平均每枚成本为 95,519 美元。然而几天后,在与 LZG International 的纠纷中,法院颁布了临时限制令及初步禁令,禁止该公司发行股票、筹集资金或购买比特币。
在资产冻结期间,该公司被迫抛售大部分持仓。虽然该禁令暂停后,公司于 2025 年 5 月短暂恢复了比特币购买,并将持仓重建至 85.5 枚,但在 2026 年 4 月 1 日,Genius Group 卖出了剩余的全部比特币,全额偿还了 850 万美元的债务,使其加密货币储备归零。

当时公司表示,将在其认为市场条件更有利时重返市场。
为何 Genius Group 现在能够重建国库?
2026 年 8 月 31 日,美国第二巡回上诉法院推翻了纽约联邦法院于 2025 年 3 月针对 Genius Group 发布的初步禁令。该公司表示,该禁令基于虚假且不准确的陈述,并指出这一裁决结束了长达 18 个月的法律斗争,使其能够在不受法律限制的情况下执行国库计划。
与此同时,Genius Group 正在佛罗里达州对 LZG 高管及其他被告提起一项 racketeering(RICO)诉讼,寻求超过 7.5 亿美元的三倍损害赔偿金。
此次购买 10 枚比特币是董事会于 8 月 27 日批准并宣布的 12 亿美元双重国库计划的开局之举。该计划的目标是持有 8.27 亿美元的比特币和 8 亿美元的人工智能资产,力争到 2031 财年总资产达到 20 亿美元。
在人工智能领域,公司报告指出其间接持股包括 OpenAI、Anthropic、Databricks 和 SpaceX。
Genius Group 表示,将通过运营现金流、按市场价格逐步增发新股(即 ATM 股票发行)以及计划发行的永久优先股来为购买行为提供资金。目前公司没有计划承担债务,也不打算将其比特币和人工智能持仓作为抵押品。
这种策略与 Strategy 公司的做法类似。Strategy 公司于 2025 年 1 月推出了其优先股(名为 STRK),并通过该工具筹集了超过 160 亿美元的资金。

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